Reply to: Bank of England poised to restart QE stimulus

[AtW]

And who's running the biggest final salary schemes?

Govt thinking is that pensions is the problem for future Govts where as current spending is their problem.

[doodab]

Joanne Segars, the chief executive of the National Association of Pension Funds, said while she could understand the need to boost the economy, QE was damaging the value of pensions: "Retirees who get locked into a weak annuity will find that the Bank's money printing leaves them out of pocket for the rest of their lives.

"For the companies that run final salary pensions, QE is a headache which pushes their pension funds further into the red. This means businesses have to put more money into their pension schemes, instead of spending it on jobs and investment. Our fear is that firms struggling with a weak economy will simply choose to close their pension schemes."

And who's running the biggest final salary schemes?

[d000hg]

I got a random text from my stockbroker telling me about this announcement.

The country hasn't descended into hyperinflation so far, why will the newest round of QE change that?

[BrilloPad]

now the can has been kicked once more
Eurozone crisis: live blog | The World | International affairs blog from the FT

Yes - should see things through until the greek elections in April. And a bit beyond.

[eek]

Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs

Read I, Cringely » Blog Archive » Caution, train wreck in progress - Cringely on technology Its worrying when an american tech commentator is clearer than the financial specialists.

[ThomasSoerensen]

Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs

now the can has been kicked once more
Eurozone crisis: live blog | The World | International affairs blog from the FT

[ThomasSoerensen]

Well, it is the Greek crisis

[AtW]

No doubt the extra £50bn will go straight into the pockets of the 1% and do nothing to stimulate demand.

Not true actually - BoE will buy Govt bonds that they can't sell for 2% on auction and don't want to pay Greek rates. So this will help Govt finance current spending that was promised - that's not stimulus, just an attempt to avoid bankrupcy.

[BrilloPad]

Well, it is the Greek crisis

Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs

[BrilloPad]

No doubt the extra £50bn will go straight into the pockets of the 1% and do nothing to stimulate demand.

Its a bit like trying to put out a fire by pouring petrol on it.

[doodab]

*Typical of continentals that they do QE through the tradesmens entrance.

Well, it is the Greek crisis

[sasguru]

So the BofE has only "done" QE to the tune of £325 billion?
That's a lot less than Super Mario has recently done at the ECB, with his "back door"* QE.

Eurozone Crisis: ECB's 'Back Door Quantitative Easing' Lifts Markets

So what are you cretins moaning at?

*Typical of continentals that they do QE through the tradesmens entrance.

[BrilloPad]

Seems Merv will do ANYTHING to avoid deflation. And has underestimated inflation for years. Anyone can do that - its a muppet's job. This is storing up alot of trouble for the future.

[AtW]

Have you downgraded your expectations of a 997 Turbo to an Audi?

Can't put my new number plate on non-2012 car

[DimPrawn]

Have you downgraded your expectations of a 997 Turbo to an Audi?